precious metals/gold fund

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Precious Metals/Gold Fund

A mutual fund or other investment company that invests predominantly or exclusively in securities related to gold or other precious metals. For example, it may invest in futures contracts or options in silver and platinum.
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precious metals/gold fund

An investment company that maintains a portfolio that contains a two-thirds minimum of investments in securities connected with silver, gold, and other precious metals.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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"There's really no precious metal funds of size left because the performance has been so poor," he said.